The Trump International Hotel in Washington, D.C., "dramatically" crushed profit expectations, raking in $1.97 million so far in 2017 while the Trump Organization had anticipated a loss of $2.1 million in the first four months of the year, The Washington Post writes. The numbers represent a 192 percent improvement on what the company had expected to earn.
In part, the Trump Organization had underestimated the amount people were willing to pay to stay in President Trump's hotel, with guests forking over an average of $652.98 a night compared with an average of $495 a night at other luxury hotels in the city, like the Hay-Adams, Four Seasons, and Willard. Additionally, the Trump Hotel's bar and restaurant have become go-to meeting places for big-spending Republicans in the capital; $8.2 million has been spent on food and drinks this year, the Post reports.
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